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KenyaRe FY19 - FY23 (Both Inclusive)
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VituVingiSana
#521 Posted : Wednesday, September 30, 2020 10:22:32 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#522 Posted : Wednesday, September 30, 2020 10:34:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray


The majority owner is not selling and the corporation doesn't have cash distress.
It's on expansion mode
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#523 Posted : Wednesday, September 30, 2020 11:48:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray


The majority owner is not selling and the corporation doesn't have cash distress.
It's on expansion mode
Majority owner is broke. Jubilee had plenty of cash.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#524 Posted : Wednesday, September 30, 2020 1:06:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray


The majority owner is not selling and the corporation doesn't have cash distress.
It's on expansion mode
Majority owner is broke. Jubilee had plenty of cash.

But his sources of finance haven't run out.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#525 Posted : Wednesday, September 30, 2020 2:53:11 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Hii 10 cents tunalipwa lini majameni smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Balaa
#526 Posted : Wednesday, September 30, 2020 4:20:37 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile


Malisema kwa notice of AGM it is payable "on or about" 20 November 2020.
If it don't make dollars, it don't make sense
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VituVingiSana
#527 Posted : Wednesday, September 30, 2020 5:22:08 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Balaa wrote:
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile


Malisema kwa notice of AGM it is payable "on or about" 20 November 2020.
Under other circumstances, I would be Shame on you about 10 cents but seeing what has happened with the banks (NCBA, Equity)... I am Applause Applause Applause

Every penny counts.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#528 Posted : Wednesday, September 30, 2020 6:58:21 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile



Vumilia kiasi.2OTH November sio mbali.
Towards the goal of financial freedom
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Ericsson
#529 Posted : Wednesday, September 30, 2020 9:23:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile



Vumilia kiasi.2OTH November sio mbali.

Round hii Absa hamna interim dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#530 Posted : Wednesday, September 30, 2020 11:14:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Financial firms e.g. banks and insurance firms are under pressure from regulators to reduce dividends.
In some cases, the reduction is 100%. Some are using COVID as an excuse to reduce dividends.

- Look at NCBA.
- - Equity too but at least I can buy it given the $95mn purchase of BCDC when it is tough to raise funds.
SCBK had a 50% reduction of a nice dividend.

I&M and DTB paid the dividend but it was lousy (low dividend payout ration esp DTB) anyway.

FY 2020 (in 2021) may be worse given the huge NPL hits.


I think insurance firms (including Kenya Re) will do in 2021 what banks did in 2020. That said, the 10 cents is a very low payout and might not reduced.

COVID remains a threat as we head to 2021.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, September 30, 2020 11:16 PM | Reason: Not specified
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